2024 Magino gold mine cost per tonne

Magino gold mine cost per tonne

Author: ylva

August undefined, 2024

WebMar 18, 2016 · The savings made in lower operation costs and lower maintenance costs are noticeable and this saving was also made in the face of a 12.5% increase in wages made when the new plant was started. Buy a Gold Processing Plant. Many of our so-called small gold mines or low grade deposits could well take this simple and inexpensive … WebOperating Cost/Ore Tonne (average) $18.94 Cash Cost (including leasing costs of $78 million) $693 per ounce PROJECT HIGHLIGHTS (FIRST 7 YEARS) Cash Flow …

Argonaut Gold raises serious money for Magino Mine project

WebThe report envisages a mine life of 19 years and a life of mine all in sustaining cost of US$963 an ounce. Under an environmental assessment, Magino is authorized to permit for up to 35,000 tonnes per day. The current 10,000 tonnes per day project was chosen to manage initial capital costs. WebJan 21, 2024 · Jan 21, 2024, 07:00 ET. TORONTO, Jan. 21, 2024 /CNW/ - Argonaut Gold Inc. (TSX: AR) (the "Company", "Argonaut Gold" or "Argonaut") is pleased to announce that the province of Ontario has filed the ... surf report lennox head

Argonaut Gold unveils Magino forward sales contracts

WebJul 27, 2024 · Since acquiring the project from Prodigy Gold in 2012, Argonaut has indicated it wouldn't mind entertaining a joint-venture development partner. The initial construction cost was pegged at US$321 million in 2024. A positive feasibility study released in 2024 expects Magino to produce 115,700 ounces of gold over a 17-year mine life. WebJul 27, 2024 · Argonaut Gold has cashed up with $126.5 million to advance its Magino Mine project near Dubreuilville. The Toronto-based miner announced July 23 it closed a … WebOct 14, 2024 · Highlights from the Magino FS include: A 10,000 tonne per day processing facility; Average annual gold production of 150,000 ounces over the first five years; A 17 … surf robe towel

Magino Mine has the gold grades to grow - Sudbury Mining …

WebPRE-PRODUCTION MINING Pre-production mining continues: • Continued reverse circulation (RC) ore control drilling. • DX900 drill rig on site and in production in pit, with a simulator on site for continued training. • Drilling and blasting at the WQCP continues. • Assembly of the WA900 front loader is complete. MOBILIZING TEAMS & CAMPS WebDec 1, 2024 · At a gold price of US$1,200 per oz., Magino holds proven and probable reserves of 2.1 million oz. gold in 58.9 million tonnes grading 1.13 g/t gold. Current measured and indicated resources (inclusive of reserves) stand at 4.2 million oz. gold in 144 million tonnes grading 0.91 g/t gold. surf riders hampton vaWebMar 31, 2024 · A 2024 feasibility study for Magino outlined a 17-year mine, producing an average of 150,000 oz. of gold in the first five years of operation at all-in sustaining costs of $711 per oz. Magino is ... surf robe poncho

"WebJun 24, 2015 · ownership costs in included in calculating the labour cost per ton and can be obtained by: () ... "Total Mining cost per ton ($/t)" : Base case extraction rate 5Mtpa … " - Magino gold mine cost per tonne

Magino gold mine cost per tonne

Argonaut Gold raises serious money for Magino Mine project

WebJan 21, 2024 · A 10,000 tonne per day processing facility; Average annual gold production of 150,000 ounces over the first five years; A 17-year mine life; Cash cost of US$669 … http://www.geologyontario.mndm.gov.on.ca/mndmfiles/mdi/data/records/MDI42C08SW00005.html

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WebJan 21, 2024 · To compare this to other projects of a similar size, Argonaut's ( OTCPK:ARNGF) Magino costs $290~ million to build with just 116,000 ounces of production per annum, and Moneta Porcupine's... WebJun 23, 2024 · According to a press-release, as at May 31, 2024, the company had committed approximately C$659 million, had incurred approximately C$473 million, …

WebMay 11, 2024 · During the first quarter of 2024, the Company achieved production of 55,516 GEOs at a cash cost per gold ounce sold of $1,153 and all-in sustaining cost per gold ounce sold ("AISC") of $1,430 ... WebThe Magino Gold Mine is in Ontario, Canada. The Magino Gold Mine is a underground mining operation. Initial production took place in 1988. ... LOW GOLD PRICES:. Location Info. Ontario County / State; Continent Country State County; North ... 1989 127468 metric tons Gold 5.88 grams gold 127468 metric ton ote; 1990 156434 metric tons Gold 5.88 ...

WebFeb 24, 2024 · Argonaut has set aside $10 million in the Magino exploration budget for this year, targeting high-grade gold mineralization in the deeper areas below its proposed …

WebOct 15, 2024 · To date, the deposit has an estimated measured and indicated 4.2 million ounces of gold with an average grade of 0.91 grams per tonne, but that will increase as exploration continues. A 2024 feasibility study initially placed a $321-million price tag on …

Web• Mining cost per tonne of $1.59. • Processing cost per tonne of $2.78. • Mine G&A cost per tonne of $0.49. • Gold recoveries of 70%. • Waste to ore ratio of 1.74:1. Florida Canyon LOM Sensitivities to Gold Price The Company evaluated the LOM plan’s sensitivity to gold prices ranging from $1,000 to $2,000 per ounce. surf rocket wide 60WebDec 14, 2024 · The previous capex estimate of C$510 million ($397m) was released only one year ago, in October 2024. The company also announced that its founder, president and CEO Pete Dougherty is no longer with... surf rock characteristicsWebJan 21, 2024 · The Magino project initial capital estimate of between C$480 million and C$510 million, of which approximately 40% is covered by a fixed-bid contract with Ausenco Engineering Canada Inc., is considered fully financed through Argonaut's current cash balance and anticipated cash flow from operations assuming a gold price environment at … surf ringWebJun 23, 2024 · The Company has recently completed a detailed review of the estimated cost to completion ("EAC") of its Magino project and, consistent with the Company’s press … surf rod blanks australiaWebOct 15, 2024 · In addition, assuming a gold price at or above $1,600 per oz., the producer expects at least $142 million in cash flow from its existing operations through to 2024. surf rod hard caseWeb1939-47: Magino Gold Mines - mine taken over by Magino in September 1939, mine ceased operation February 1939, in 1940 there was 2316 ft underground drilling completed, optioned by Cline Lake Gold Mines in 1942 who completed 4816 ft (13 ddh) of surface drilling on the property. 1972: C. H. McNellan - 6 ddh (2003 ft). surf rod for overhead reelWebSince 1 gram equals 0.0321492 troy ounces, the conversion factor is calculated as: 0.0321492 / 34.2857 x 31.103481 = 0.0291652 ( rounded 0.029 ). Thus, when a mining company reports a drill result of 0.145 ounces per tonne, you now know that this equals (0.145 / 0.029 =) 5 grams per tonne. surf rock music history